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Steel tube maker Tubos Reunidos has asked a Texas bankruptcy judge to recognize its Spanish insolvency case as it eyes a potential sale that would include U.S.-based assets. Guiding it through Chapter 15 are a team of BakerHostetler bankruptcy lawyers.
Unsecured creditors in Dish Network's Chapter 11 case have challenged the company's restructuring plans for six Dish Wireless debtors, while the Madoff estate reached a $25 million settlement with Banco Itaú and Steward Health's litigation trust settled with former owner Cerberus Capital Management.
The U.S. Senate this week passed a bill to restore, permanently, a Subchapter V debt eligibility threshold raised during the pandemic, which bankruptcy practitioners say would open up the streamlined Chapter 11 process to more small and medium-sized businesses at an economically critical time.
A Maryland federal court tossed a proposed class action accusing nuclear energy producers including Constellation Energy, DTE Energy and Duke Energy of fixing wages, after finding the claims came too late.
A California federal judge allowed Norway's central bank and a Swedish public pension fund to lodge an additional claim against KPMG in their proposed securities fraud class action over Silicon Valley Bank's 2... (more story)
The official committee of unsecured creditors for the Roman Catholic Diocese of Burlington, Vermont, has brought a lawsuit against the diocese and the parishes and schools that fall under its authority, arguin... (more story)
A Delaware bankruptcy judge said he would approve the Chapter 7 conversion of the bankruptcy of solar power company Freedom Forever after the debtor adds language on its turnover and reporting requirements, as... (more story)
Simpson Thacher & Bartlett LLP escaped a malpractice lawsuit late Thursday over its representation of Patriot National Inc. in a private investment in public equity transaction in the years before the company's downfall.
A group of noteholders of insolvent telecommunications company Hughes Satellite has asked a Texas bankruptcy court to allow the appointment of an examiner to investigate $1.5 billion in transactions that credi... (more story)
The Office of the U.S. Trustee on Thursday appointed nine members to the official committee of unsecured creditors in the Chapter 11 case of Republic National Distributing Co., a century-old alcohol distributor.
A Delaware bankruptcy judge Thursday denied a request by former executives of solar panel provider Lumio Holdings to transfer a suit against them by the company's liquidating trustee to a Utah court.
Bankrupt summer camp operator SIMAD Holdings stands to reap $440 million so far from the sale of 27 of its camps, including a $120.75 million winning bid for the "crown jewel" property in a wealthy New York City suburb.
Certain debtors in the Chapter 11 case of Dish DBS Corp. have asked for a Texas bankruptcy court's permission to pay off $2.75 billion of notes with the proceeds of a $23 billion spectrum sale to AT&T, saying ... (more story)
Pillsbury Winthrop Shaw Pittman LLP was ordered on Thursday to hand over a $3.6 million retainer it was paid to defend a client against criminal and civil fraud charges, with the Second Circuit upholding a rul... (more story)
A Texas bankruptcy judge approved MMA Law Firm PLLC's Chapter 11 plan to shut down and liquidate more than two years after the embattled litigation and mass tort firm sought bankruptcy protection.
A Delaware bankruptcy judge said Thursday that Chapter 11 cases launched by lending firm YSA Investments 1 and a slew of related companies should probably be brought together in a single court, after counsel f... (more story)
The parents of a child swept away by floodwaters at Camp Mystic last year are asking a Texas federal court to send their wrongful death suit against it back to state court, saying the camp is "forum shopping" ... (more story)
The Office of the U.S. Trustee on Thursday appointed two members to the official committee of unsecured creditors in the Chapter 11 case of hormone therapy company SynergenX.
A Delaware bankruptcy judge on Thursday approved an asset sale by the privately owned telecommunications company SiFi Networks America LLC to its stalking horse bidder ArcLink Fiber LLC.
A Florida bankruptcy judge approved a loan Wednesday for a company managed by Bang Energy founder Jack Owoc to allow him to fund his defense in litigation filed by the trustee overseeing the energy drinks manu... (more story)
An Arizona bankruptcy judge Wednesday allowed the insolvent Puerco Valley Fire District to access $400,000 of interim funding from its home county of Apache County, overruling opposition from the municipality.
A Maryland bankruptcy judge has denied approval of disclosure statements filed by the Archdiocese of Baltimore and a committee of abuse claimants in the church's Chapter 11 case, finding both reorganization pr... (more story)
A Delaware bankruptcy judge on Wednesday granted private-label dry bath product-maker Vi-Jon LLC a range of first-day motions, including a cash management request, allowing the company to continue operating du... (more story)
John Ventola, Douglas Gooding and Jonathan Marshall
QVC's recently confirmed Chapter 11 plan joins a growing body of restructuring precedent demonstrating that well-f... (more story)
David Chase
Instructing a law school course on U.S. Securities and Exchange Commission investigations has made me a more thoug... (more story)
Elisha Kobre and George Frank
The Second Circuit recently held that a properly drafted contractual blocker — which caps an investor's beneficial... (more story)